Russian stocks close mixed on global market uncertainty

MOSCOW, May 18 (PRIME) -- The Russian stock market closed mixed on Friday discouraged by uncertainty on the global market amid trade talks between the U.S. and China, investors said.

The MOEX Russia Index grew 0.15% to 2,326.94 and the RTS fell 0.72% to 1,173.14.

УPurchases prevailed on the Russian stock market... However, the MOEX Russia Index grew insignificantly as the market is still in the state of negative expectations. GermanyТs Trade Ministry supported the Nord Stream-2 project, but results of a meeting between President Vladimir Putin and GermanyТs Chancellor Angela Merkel should be analyzed,Ф Otkritie Broker analyst Andrei Kochetkov said.

Forex Club analyst Ivan Marchena said that the domestic market was pressured by wariness on the global stock exchanges amid a new round of import duties negotiations between China and the U.S.

Raiffeisen Capital analyst Sofya Kirsanova said that global investors are still not interested in risky assets because of a 3% yield of the 10-year U.S. treasuries.

Companies controlled by Oleg Deripaska, who was included in the sanctions list by the U.S. in April, were the best performers. Aluminum producer UC RUSAL jumped 10.62% to 26.98 rubles and En+ Group grew 8.75% to 317 rubles on the news En+Тs board approved DeripaskaТs resignation in an attempt to move the companies out of the sanctions.